01 December 2016
No, TDS is not applicable on payment to any financial institution and Govt.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
01 December 2016
Dear sandeep sir. I think bajaj finance is NBFC therefore TDS shall be applicable on interest paid to the same. However if still your view is differ then pls quote any relevant section/clause/case law
02 December 2016
Yes, TDS is applicable u/s 194A, if the amount exceeds the limit mentioned in the section (10K) @10%. I mistakenly taken it a financial institution.